The global market for specialty feed additives was valued at USD 7.74 Billion in 2015; this is projected to grow at a CAGR of 5.43% from 2016, to reach USD 11.12 Billion by 2022. The main objectives of the report are to define, segment, and project the size of the global specialty feed additives market with respect to type, livestock, function, form, and region; provide detailed information regarding the key factors influencing the growth of the market; and strategically profile key players and comprehensively analyze their core competencies.

Years considered for this report

2015  Base year2016  Estimated year2022  Projected year

Research Methodology

This research study involves the extensive usage of secondary sourcesFood and Agriculture Organization of the United Nations (FAO), FEFANA (EU Association of Specialty Feed Ingredients and their Mixtures), and International Food and Agribusiness Management Association (IFAMA)to identify and collect information useful for this technical, market-oriented, and commercial study of the specialty feed additives market. The primary sources are mainly several industry experts from core & related industries and preferred suppliers, manufacturers, distributors, service providers, reimbursement providers, technology developers, alliances, and standard & certification organizations related to all the segments of this industrys value chain. In-depth interviews have been conducted with various primary respondents, including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants among other experts to obtain & verify critical qualitative & quantitative information as well as to assess future prospects.

The value chain of specialty feed additives begins with R&D and product development, in which the selection of source and the quality of the product are determined by the requirement of the product. The value chain helps in bringing about coordination among stakeholders such as BASF SE (Germany), Evonik Industries (Germany), Novozymes (Denmark), Nutreco N.V. (Netherlands), and Alltech Inc. (U.S.).

Figure 1 Market SegmentationFigure 2 Specialty Feed Additives Market: Research DesignFigure 3 Breakdown of Primary Interviews: By Company, Designation, and RegionFigure 4 Market Size Estimation Methodology: Bottom-Up ApproachFigure 5 Market Size Estimation Methodology: Top-Down ApproachFigure 6 Data TriangulationFigure 7 Global Population is Projected to Reach Around ~9.5 Billion By 2050Figure 8 Specialty Feed Additives Market Size, By Type, 2016 vs 2022Figure 9 Market, By Function, 20142021Figure 10 Market Size, By Livestock, 2016 vs 2022Figure 11 Market Size, By Form, 2016 vs 2022Figure 12 Market, By Region, 20142022Figure 13 Asia-Pacific is Projected to Be the Fastest-Growing Market for Specialty Feed Additives From 2016 to 2022Figure 14 Specialty Feed Additives: an Emerging Market With Promising Growth Potential, 20162022Figure 15 China Projected to See Fastest Growth in the Global Specialty Feed Additives Market From 2016 to 2022Figure 16 Europe Accounted for the Largest Share in the Antioxidants Segment in 2015Figure 17 Germany Holds the Largest Market Share in EuropeFigure 18 Liquid Projected to Be the Fastest-Growing SegmentFigure 19 Specialty Feed Additives Market: High Growth in Asia-PacificFigure 20 Key Benefits of Specialty Feed AdditivesFigure 21 Specialty Feed Additives Market, By TypeFigure 22 Market, By FunctionFigure 23 Market, By FormFigure 24 Market, By LivestockFigure 25 Specialty Feed Additives Market: Drivers, Restraints, Opportunities & ChallengesFigure 26 Increasing Global Demand for Meat, 1990-2016 (MMT)Figure 27 Growth in Dairy Market, 2014 & 2019 (USD Billion)Figure 28 Increasing Consumption of Eggs Per Person, 2010-2014Figure 29 Contribution of Livestock in Greenhouse Gas Emissions, 2014Figure 30 Technological Roadmap: Specialty Feed Additives, 1990-PresentFigure 31 Value Chain Analysis: Major Value is Added During the Product Manufacturing PhaseFigure 32 Specialty Feed Additives: Supply Chain AnalysisFigure 33 Antioxidants Projected to Be the Fastest-Growing Segment Between 2016 vs 2022 (USD Million)Figure 34 Europe is Estimated to Dominate the Flavors & Sweeteners Market in 2016 (USD Million)Figure 35 Asia-Pacific to Grow at the Highest CAGR in the Minerals Segment (USD Million)Figure 36 European Binders Market is Estimated to Be the Largest in 2016 (USD Million)Figure 37 Asia-Pacific is Projected to Be the Fastest-Growing Market for Vitamins By 2022 (USD Million)Figure 38 Europe is Estimated to Be the Largest Acidifiers Market in 2016 (USD Million)Figure 39 North America is Projected to Be the Fastest-Growing Market for Antioxidants By 2022 (USD Million)Figure 40 Asia-Pacific to Grow at the Highest CAGR in the Others Segment From 2016 to 2022 (USD Million)Figure 41 Palatability Enhancement Segment is Estimated to Dominate the Specialty Feed Additives Market Through the Forecast PeriodFigure 42 Asia-Pacific to Lead in Terms of CAGR in the Gut Health & Digestive Performance Segment Between 2016 & 2022Figure 43 Europe to Continue Being the Largest Segment for Additives for Mycotoxin Management in Feed Through 2022Figure 44 Asia-Pacific to Be the Largest & Fastest-Growing Market for Additives as Palatability Enhancement in Feed Through 2022Figure 45 Europe to Be Valued the Highest for Additives Used for Preservation of Functional Ingredients, Through 2022Figure 46 Asia-Pacific is Projected to Be the Fastest-Growing Market for Feed Additives Used for Other FunctionsFigure 47 Swine Segment Estimated to Dominate the Specialty Feed Additives Market During the Forecast Period (20162022)Figure 48 Asia-Pacific is Projected to Be the Fastest-Growing Region During the Forecast Period (20162022)Figure 49 Europe is Projected to Be the Fastest-Growing Region During the Forecast Period (20162022)Figure 50 Asia-Pacific is Projected to Be the Fastest-Growing Region During the Forecast Period (20162022)Figure 51 Europe is Projected to Be the Fastest-Growing Region in This Segment During the Forecast Period (20162022)Figure 52 North America is Projected to Be the Fastest-Growing Region in This Segment During the Forecast Period (20162022)Figure 53 Liquid Segment is Projected to Dominate the Specialty Feed Additives Market During the Forecast PeriodFigure 54 Asia-Pacific is Projected to Dominate the Liquid Segment During the Forecast PeriodFigure 55 Europe is Projected to Dominate the Dry Segment During the Forecast PeriodFigure 56 Asia-Pacific is Projected to Grow at the Highest Rate During the Forecast PeriodFigure 57 Geographic Snapshot (2016-2022): China is Projected to Grow at the Highest Rate and is Emerging as A New HotspotFigure 58 North America: Specialty Feed Additives Market SnapshotFigure 59 Europe: Specialty Feed Additives Market SnapshotFigure 60 Asia-Pacific Specialty Feed Additives Market: SnapshotFigure 61 Latin America: Specialty Feed Additives Market: SnapshotFigure 62 Expansion Was Preferred By Key Specialty Feed Additive Companies in the Last Five YearsFigure 63 Expansion & Acquisition: the Key Strategies, 20122016Figure 64 Expansions & Acquisitions: the Key Strategies, 20112016Figure 65 Geographical Revenue Mix of Top Three Market PlayersFigure 66 BASF SE: Company SnapshotFigure 67 BASF SE: SWOT AnalysisFigure 68 Evonik Industries: Company SnapshotFigure 69 Evonik Industries: SWOT AnalysisFigure 70 Nutreco N.V.: Company SnapshotFigure 71 Nutreco N.V.: SWOT AnalysisFigure 72 Novozymes: Company SnapshotFigure 73 Novozymes: SWOT AnalysisFigure 74 Alltech Inc.: SWOT AnalysisFigure 75 Invivo NSA: Company SnapshotFigure 76 Chr Hansen Holding A/S: Company Snapshot

The size of the market for specialty feed additives is projected to reach USD 11.12 Billion by 2022, growing at a CAGR of around 5.43% from 2016. The global specialty feed additives market has grown exponentially in the last few years. Increase in consumption of animal products, rise in incidences of disease outbreaks in livestock, adverse impact on the environment from the emission of greenhouse gasses by the livestock and innovations in animal husbandry such as encapsulation of acidifiers are the major driving factors for this market.

On the basis of type, the global market is segmented into flavors & sweeteners, minerals, binders, vitamins, acidifiers, antioxidants, and others (feed PAA, enzymes, probiotics, prebiotics & complex carbohydrates). The flavors & sweetners segment accounted for the largest market share in 2015, followed by minerals. The acidifiers segment is projected to grow at the highest CAGR during the forecast period.

The swine segment, on the basis of livestock, is projected to grow at a significant rate during the forecast period. With increase in pork trade and concerns over food security, the demand for specialty feed additives is expected to increase to ensure better meat quality and safety.

On the basis of form, the specialty feed additives market is segmented into liquid, dry, and others (pellets and dust/powder forms). The liquid segment is projected to grow at the highest CAGR during the forecast period. Liquid specialty feed additives are gaining popularity because of their low cost.

On the basis of function, the specialty feed additives market is segmented into gut health & digestive performance, mycotoxin management, palatability enhancement, preservation of functional ingredients, and others (greater dry matter intake and increased capacity for nutrient absorption).Palatability enhancement is projected to be the fastest-growing from 2016 to 2022. Palatability enhancement of the feed leads to high feed intake by the livestock. Thus, it is gaining a substantial position in the specialty feed additives market.

The Asia-Pacific market is projected to grow at the highest CAGR during the forecast period, owing to the increase in demand for animal products. Growth in population, rise in disposable incomes, progressive urbanization, and increase in demand for quality meat products have driven the market for specialty feed additives. Growth is majorly witnessed in China, India, and Japan, owing to increase in the purchasing power of the population.

The major restraints of the specialty feed additives market include harmful effects of rising operational & raw material costs, and inconsistency in regulatory structure. The specialty feed additives market has a number of large and small-scale firms. Agreements and investments were the key strategies adopted by market players to ensure their growth. Players such as BASF SE (Germany), Evonik Industries (Germany), Novozymes A/S (Denmark), Nutreco N.V. (Netherlands), and Alltech Inc. (U.S.) collectively accounted for the largest share of the specialty feed additives market.

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